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September 22, 2021

Energy

Energy firms’ collapse hits 1.5 million customers

BBC
https://www.bbc.co.uk/news/business-58657802?at_medium=RSS&at_campaign=KARANGA Igloo, for example, has said it is working with restructuring consultants Alvarez & Marsal, although it told the BBC it had not appointed administrators. Bulb, the UK’s sixth largest energy company with 1.7 million customers, is also seeking additional financing. BBC – For more and to sign up click......

Two more UK energy suppliers stop trading on gas price hit

Reuters
LONDON, Sept 22 (Reuters) – A further two British energy suppliers stopped trading on Wednesday, leaving more than 800,000 customers potentially facing higher bills, after a jump in natural gas prices pushed the sector to the brink. Avro Energy and Green Supplier Limited became the latest providers to say they......

Gas crisis: Energy regulator warns more customers face hit

BBC
https://www.bbc.co.uk/news/business-58652083?at_medium=RSS&at_campaign=KARANGA If an energy firm collapses, customers are automatically switched to a tariff provided by the new supplier. This is a tariff agreed with the regulator Ofgem, but it may well be more expensive than the deal they had with the former company which went bust. BBC – For more......

Europe’s green ambitions could be hit as gas prices reach record highs

CNBC
CNBC – For more and to sign up click here A woman on the bicycle rides pass the power station in Neurath, Germany. NurPhoto | NurPhoto | Getty Images LONDON — The European Union could struggle to advance its green agenda as gas prices soar across the bloc, according to......

China pledges to stop building new coal energy plants abroad

BBC
“We all must call out and condemn the targeting and oppression of racial, ethnic, and religious minorities, whether it occurs in Xinjiang or northern Ethiopia, or anywhere in the world,” he added, referring to the western Chinese region where China is accused of using forced labour. BBC – For more......

British energy firms fear collapse as Europe’s gas crisis sees prices surge 250%

CNBC
CNBC – For more and to sign up click here Aman Sharma | Getty Images LONDON — Britain’s energy industry could be headed for a significant shake-up, industry insiders have warned, as countries all over Europe grapple with an unprecedented crisis in the power sector. Wholesale gas prices have spiked across......

Bill Gates secures hundreds of millions from U.S. firms for climate fight

CNBC
CNBC – For more and to sign up click here Bill Gates at Munich Security Conference on February 17, 2017 in Munich, Germany. Michael Gottschalk | Getty Bill Gates has raised hundreds of millions from seven large U.S. companies to develop clean technologies that could play a key role in......

‘We need to stop’: Inside the world’s first diplomatic alliance to keep oil and gas in the ground

CNBC
CNBC – For more and to sign up click here Sheep on a road in view of mobile offshore drilling units in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020. Jason Alden | Bloomberg | Getty Images LONDON — Costa Rica and Demark are spearheading......

Tesla to reverse solar price hike for some customers, legal filing says

CNBC
CNBC – For more and to sign up click here Smith Collection/Gado | Archive Photos | Getty Images Tesla is trying to placate some solar customers who say they faced sudden price hikes earlier this year, according to new filings with the U.S. district court in San Jose, California. In......

UAE real estate shows signs of recovery as Aldar predicts sales surge

CNBC Real Estate
An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images Abu Dhabi’s property market is showing signs of steady growth, as the oil rich capital of the United Arab Emirates recovers from the deep......

Natural gas has only done this twice in the last decade, and it could mean more pain ahead, charts suggest

CNBC
CNBC – For more and to sign up click here Natural gas prices are making some unnatural moves. After a nearly 40% rally in the last month — an unusually outsized move for any commodity — the charts are now flashing warning signs, Miller Tabak’s Matt Maley told CNBC’s “Trading......

Wall Street slips as tech, energy stocks drop

Reuters
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo Retail sales unexpectedly rise in August Weekly jobless claims slightly above expectations Tesla falls as Ark dumps shares Indexes down: Dow 0.56%,......

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